Bubblemaps: MELANIA Team Withdraws $30 Million from Community Funds and Sells Quietly

The developers of the meme coin MELANIA, associated with the former First Lady of the United States, Melania Trump, have withdrawn tokens worth $30 million from community funds and commenced their sale. This was reported by analysts at Bubblemaps.

1/ Huge sell-offs on $MELANIA

$30M was moved from community funds —

and is now being quietly sold, with no explanation from the team ? pic.twitter.com/UbhAqiiW61

— Bubblemaps (@bubblemaps) April 7, 2025

According to the company, 50 million MELANIA ($30 million) were transferred from one wallet to several others. Two new addresses opened positions of $6 million each, with more than $3 million transferred to exchanges. Already, $500,000 of this amount has been sold.

The project team and Hayden Davis, an entrepreneur involved in the launch of LIBRA and MELANIA, have not commented on either the token transfers or their sale.

Bubblemaps also noted that the developers control 92% of the token supply.

The price of MELANIA has fallen by more than 96% since its launch on January 19, to $0.51 (-7.5% in the last 24 hours), according to CoinGecko. At its peak in January, the price reached $13.

Earlier, on March 15, Bubblemaps noted that Davis continued to launch tokens despite the possibility of being placed on an international wanted list. On March 28, specialists reported that the entrepreneur had begun selling off LIBRA and MELANIA.